CNBC Economy / Updates
- Fed's Hammack says 'now is the time to act' on raising interest rates August 27, 2026She still thinks the Fed needs to take action against inflation that is straining household budgets.
- Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July August 26, 2026The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
- Stanley Druckenmiller leads doubters who think Bessent's bond ploys will fail August 25, 2026The bond market interventions have generated a modest decline in yields along with a growing chorus of derision.